Make an Offer! LubeXChange Posts Close to $5 Million in Surplus Products

Since its launch on November 23, 2011, LubeXchange, announced close to $5 Million in new lubricant, petroleum equipment, automotive chemical and Diesel Exhaust Fluid (DEF) product listings from sellers across the U.S.

In an effort to move its exploding inventory of lubricants and allied products, LubeXchange is excited to announce the addition of a “Make and Offer” option to its e-commerce system. This option provides certified buyers with an opportunity to submit an offer price for a posted listing.  Once submitted, LubeXchange’s sales team goes to work on establishing a transaction price that meets the requirements of both the buyer and seller.

According to Claude Terry, Managing Director for LubeXchange, “Our primary objectives are to move excess inventory within the market and to deliver discounted purchases.  Our new Make an Offer program is designed to enhance both efforts.  Our team’s goal is to deliver that ‘great purchase’ for our buying partners while satisfying the needs of our sellers, creating a win-win with each transaction”.

By handling all financial and transportation requirements, LubeXchange anonymously unites purchasers with suppliers throughout the U.S. Buyers can now also anonymously post Wanted Listings across a secure, nationwide network for multi-branded Certified Products at discounted rates.

Visit LubeXchange and Make an Offer.

With the base oil and finished lube price run up of earlier this year, we are now seeing price reductions with group I and possibly group II and III. Inventory management of higher priced inventories being replaced by lower priced products will cause many marketers to significantly reduce inventory to take advantage of the price decreases. This is a good time to be in front of those price reductions and move excess inventory soon.

Pfauser adds, “Dead inventory is definitely not a new problem. Whether a customer is lost, an acquisition is completed, or a brand conversion is made, most marketers and manufacturers have a corner of the warehouse where stale inventory and surplus product goes to die. In our industry, excess inventory represents tens of millions of dollars in tied-up cash doing nothing but collecting dust and taking up valuable inventory space. Unfortunately, these are high-quality, sealed, non-contaminated, and in many instances, high-priced products. After two decades in the industry, I am excited and proud to offer such a valuable solution.” LubeXChange is offering a no fee, no minimum posting introductory special through January 2012, enroll today!

Pfauser continues, “Our program provides an innovative engine to effortlessly turn dead inventory into cash and connect buyers with discounted purchases that improve profit margins on regular sales.”

Through their independent service, LubeXChange guarantees satisfaction for both the buyer and seller on every transaction through a stringent certification program. Sellers must certify each product posting to confirm brand, accurate product descriptions, packaging condition, contamination-free condition, and it meets or exceeds posted performance levels or standards. To enhance their quality assurance platform, LubeXChange also offers a Lab Verification System that allows sellers to submit a product sample for quality testing and the product-specific results are made available to buyers prior to purchase. There is even an MSDS finder application to look up MSDS’s for most all lubricants brands adding one more great feature to the site.

To deliver added value and ultimate efficiency, both buyers’ and sellers’ identity is protected by making anonymous connections. “Post your excess product for sale, inquire about a discounted purchase and let our team go to work. Why allocate valuable human resources to dump surplus inventory? Let LubeXChange do it for you”, added Pfauser. LubeXChange handles all financial arrangements as well as all transportation requirements for each transaction. LubeXChange’s national footprint extends the effective marketing reach for regional distributors and delivers connections with like-branded marketers that would have been otherwise unaware of the mutually beneficial deal.

Certified sellers will post products by brand, product description, package size, packaging condition, viscosity grade, performance level, a distribution zone, and within the following categories:

• Bulk Lubricants
• Packaged Motor Oil
• Packaged Commercial & Industrial Oil
• Packaged Grease & Gear Oil
• Antifreeze
• Automotive Chemicals & DEF
• Petroleum Equipment
• Base Oil
• Petroleum Additives

Pfauser concludes, “The extreme volatility of the petroleum market over the past five years has put an even greater premium on inventory control. Having an outlet to move or purchase product, at the right time, delivers tremendous economic value. Escalating trends in brand conversion, marketer consolidation and cancellation of branded contracts have pushed our nation’s dead inventory volume to record levels. Our national platform, proprietary system and secure site is designed to provide a much needed service to the market”.

About LubeXChange
LubeXChange was founded by a private group of investors and a leading web design firm to independently serve the petroleum industry by connecting buyers and sellers to turn excess inventory into cash and to make discounted purchases on regular sales. For more information, please visit, www.lubeXchange.com.

Media Contact: Claude Terry, Managing Director
Toll Free: 855-BULK-OIL | (855-285-5645)
Fax: 855-285-5646
Email: info@lubexchange.com
Web Site: www.lubeXchange.com